Charles Koch: Opposes Corporate Welfare
on Saturday, February 27, 2016Charles Koch Money Quote saying his company is opposed to the corporate welfare, cronyism and tax breaks they receive from the government. Charles Koch said:
“Koch Industries opposes all forms of corporate welfare — even those that benefit us” — Charles Koch
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This quote from Charles Koch, the chairman and CEO of Koch Industries, expresses his philosophical opposition to all types of “corporate welfare” – meaning government subsidies, tax breaks or other financial assistance directed towards businesses. By acknowledging that Koch Industries itself may benefit from some corporate welfare policies but that he still opposes them, Koch appears to be taking a principled stance against picking “winners and losers” through targeted fiscal policies.
The implication is that Koch believes the free market should determine corporate success or failure rather than the government skewing the playing field. So in essence, the quote suggests Koch advocates for neutral, non-distortionary policies even if his own company could gain competitive advantages from certain subsidies were they to remain in place.